Noble Investment Group (“Noble”) announced the acquisition of the Residence Inn by Marriott Philadelphia Great Valley | Malvern. The all-suite, extended stay hotel, which opened in April 2016, is located in Great Valley/Malvern proximate to the Route 29 and Pennsylvania Turnpike interchange, within the King of Prussia/Valley Forge submarket.
The Great Valley/Malvern subsection of the King of Prussia/Valley Forge submarket is home to some of the largest corporations in the suburban Philadelphia region, consisting of approximately 17 million square feet of office space, including the corporate offices for Vanguard, Saint Gobain, Teva Pharmaceuticals and Endo Pharmaceuticals. The Residence Inn by Marriott Philadelphia Great Valley | Malvern, located prominently within the mixed-use development, Charlestown Village, offers a variety of walkable restaurant and retail amenities, and convenient access to Great Valley Corporate Center and King of Prussia Mall.
“Noble is pleased to add this recently built, high quality asset to its growing portfolio,” said Noble principal, Ben Brunt. “We have always been impressed with the depth of corporate demand in the western Philadelphia suburbs located there to capitalize on the in-place talent that rises through the impressive breadth of colleges and universities in the region. We look forward to engaging with the community and region that are steeped in our country’s culture and history.”
The Residence Inn by Marriott Philadelphia Great Valley | Malvern features 127 studio and one-bedroom suites, each with fully-equipped kitchens. The hotel offers a 24-hour business center and fitness center, laundry facilities, grocery shopping service and complimentary internet access throughout the hotel. Guests can enjoy a complimentary hot breakfast, as well as evening socials at The Residence Inn Mix each Monday through Wednesday. Other amenities of the pet-friendly hotel include an indoor pool and BBQ & picnic area. The hotel also offers nearly 500 square feet of flexible meeting and board room space.
For more information or to make reservations, please visit ResidenceInn.Marriott.com or call the hotel directly at (484) 899-7800.
About Residence Inn by Marriott
Residence Inn by Marriott is the global leader in the extended-stay lodging segment, with more than 700 properties located in the United States, Canada, Europe, the Middle East and Central America. Designed for long stays, the brand offers spacious suites with separate living, working, and sleeping zones. Fully functional kitchens; grocery delivery service; 24-hour markets and complimentary breakfasts help guests maximize their time and thrive while they travel. Each Residence Inn offers free Wi-Fi in both public and guests spaces to ensure continuous connectivity while on the road. As a member of the Marriott International portfolio, Residence Inn participates in the award-winning Marriott Rewards® frequent guest program. Members earn their choice of points toward free vacations or frequent flyer mileage for dollars spent at any of the more than 4,000 Marriott hotels worldwide.
Noble Investment Group
Since 1993, Noble has specialized in making value-added, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billion in communities throughout the United States, creating thousands of jobs. As a fiduciary to state pensions, university endowments and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital which provides retirement benefits for millions of our country’s teachers, policemen and firefighters as well as financial resources for students to attend college.